Initial public offerings are like a big, exclusive party that all investors are invited to but only few can actually attend.» Read More
ICL's parent company, conglomerate Israel Corp, set a nominal fundraising target of about $522.4 million through an initial public offering of 62 million ordinary shares, ICL said in a filing to the U.S. Securities and Exchange Commission.
Bank of America Corp. rose$. 22 or 1.3 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.38. Goldman Sachs rose $2.17 or 1.2 percent, to $183.17.
Sept 12- Israel Chemicals Ltd, a Tel Aviv- based maker of fertilizer and specialty chemicals, filed with U.S. regulators to list on the New York Stock Exchange. ICL, which has exclusive permits to extract potash and bromine from the Dead Sea, is a subsidiary of Israel Corp and the second largest company on the Tel Aviv Stock Exchange by market value.
Sept 12- Israel Chemicals Ltd, a Tel Aviv- based maker of fertiliser and speciality chemicals, filed with U.S. regulators to list on the New York Stock Exchange. Morgan Stanley and Barclays are the lead underwriters for the IPO, the company said. ICL is a subsidiary of Israel Corp and the second largest company on the Tel Aviv Stock Exchange by market value.
SAN FRANCISCO, Sept 12- The Federal Reserve will drop its promise to keep rates near zero for a "considerable time" after it ends its bond-buying program, paving the way for a first Fed rate hike in June 2015, a top Wall Street economist predicted on Friday.
NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
Bank of America Corp. rose$. 12 or. 7 percent, to $16.69. Citigroup Inc. rose$. 02 or percent, to $52.25. Goldman Sachs rose $1.85 or 1.0 percent, to $182.85.
WASHINGTON, Sept 12- U.S. retail sales rose broadly in August and consumer sentiment hit a 14- month high in September, supporting expectations for sturdy economic growth in the third quarter.
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
The Morgan Stanley retail index jumped 0.9 percent; the S&P 500 retail index was up 0.1 percent. Leading the percentage gainers on the Morgan Stanley index was Ulta Salon Cosmetics and Fragrance, which jumped 20.2 percent after raising its full-year same-store sales growth forecast late Thursday.
NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.
Travelport is offering all the 30 million shares in the IPO and, at the expected pricing, will raise up to $480 million, it said in a regulatory filing.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.52. Citigroup Inc. rose$. 20 or. 4 percent, to $52.03. Goldman Sachs rose$. 86 or. 5 percent, to $180.73.
NEW YORK, Sept 11- U.S. stocks were lower on Thursday, with biotechnology shares among the weakest of the day as investors continued to take profits. Celgene Corp was the biggest decliner on the S&P 500, off 3 percent at $91.28, while Vertex Pharmaceuticals was down 2.3 percent at $92.60.
Bank of America Corp. rose$. 17 or 1.0 percent, to $16.53. Citigroup Inc. rose$. 27 or. 5 percent, to $52.10. Goldman Sachs rose$. 54 or. 3 percent, to $180.41.
Sept 11- Food retailer Smart& Final Stores Inc said it expects its initial public offering to be priced between $12 and $14 per share, valuing the century-old company at nearly $1 billion. Smart& Final, which is backed by private equity firm Ares Management LP, runs 250 non-membership, small-box, warehouse-style stores in western United States.
SHANGHAI/ HONG KONG, Sept 11- Tianhe Chemicals has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia has given it full support.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 11- When the best thing you can say about new policies is that they aren't as bad as they could have been, then you know your industry is in deep trouble.
Bank of America Corp. rose$. 22 or 1.4 percent, to $16.36. Citigroup Inc. rose$. 57 or 1.1 percent, to $51.83. Goldman Sachs rose $2.47 or 1.4 percent, to $179.87.